U.S. New Home Sales Down in October

U.S. sales of new single-family homes in October were at a seasonally adjusted annual rate of 610,000, decreasing 17.3% from September and 9.4% lower than the comparable month in 2023.

The seasonally adjusted estimate of new homes for sale through October was 481,000, indicating a 9.5-month supply at the existing sales rate. See U.S. Census Bureau

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